Why Would Kohl’s Buy Home Decor Chain At Home?

Kohl’s (KSS) may be looking to expanding its home good business as it is reportedly eyeing up home decor chain At Home (HOME) for a possible purchase.

If the deal moves forward, Kohl’s home goods collection would get a major boost from the deal, which now accounts for a small portion of its business, CNBC reported. Kohl’s also sells women’s men’s and children’s apparel.

According to sources for the news outlet, Kohl’s has been shopping At Home for the last three months and is currently in the advanced stages of deal negotiations with private equity firms such as Hellman & Friedman.

The sources did say that the deal between the two retailers is not certain as At Home could instead opt to sell to a buyout firm.

Headquartered in Plano, Texas, At Home has approximately 180 stores in over 30 states. The company said it offers “more than 50,000 on-trend products to fit any room, style and budget.”

Shares of Kohl’s stock were down 0.44 percent as of 12:32 p.m. ET on Thursday while shares of At Home stock were up 4.89 percent at the same time.